Fuel price increase and manufacturing firms survival in Indonesia  

Oleh:

Atmadji, Eko

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI - non-atma jaya
Dalam koleksi: Economic Journal of Emerging Markets vol. 4 no. 1 (Apr. 2012), page 2-14.
Topik: Fuel price; survival ability; instrumental variable probit model; Harga BBM; kemampuan bertahan hidup; instrumental variable probit model
Fulltext: 3171-4121-1-PB.pdf (244.72KB)

Isi artikel

The administered price of fuel has increased quite frequently since 1970. It has raised a concern on the survival ability of manufacturing firms that could be weakened by such policy. This research objective is for confirming whether the policy of increasing fuel price affects the survival of manufacturing firms in Indonesia. By using Instrumental Variable Probit Model, it demonstrates that increasing fuel price does not affect firms’ survival in the short-run, middle-run, as well as long-run. Nevertheless, the z-statistics increase when the period of estimation is expanded. It means that if the time span of sample observation is widened, the result might be different.

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